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56 largest book publishers in the world, 2014
Earlier came Pearson, with $9. 33 billion in income, followed by Reed Elsevier, Thomson/Reuters and Wolters Kluwer. In 2012, all four education and specialist publishing houses had the same items on the census. In 2013, Random House was the biggest specialist book publishing house and the fifth biggest overall (also the same as in 2012).
Penguin profited from its 53% interest in Penguin and the acquisition of full ownership of Random House Mondadori at the end of 2012, which was rebranded Penguin Random House Grupo Editorial at the end of last year. Together, Penguin Random House and RH's Germany division had combined revenue of $3.66 billion in 2013 (Penguin's income for the last six consecutive six-month period was included in the PRH totals; Penguin's first six -month income was allocated to its mother organization Pearson).
The Random Houses and PRISA (24th on the 2013 list) are expected to conclude an acquisition deal for the Santillana Ediciones Generales trading jacks this year. The deal is expected to return to growth in 2014. McGraw Hill education was also included in a deal last year: the institution was oversubscribed to Apollo Global Management, a enlisted man low cost commerce, in the season for $2. 4 large integer.
McGraw-Hill Global education holdings, where the university, business and overseas business is located, and McGraw-Hill School formation holdings, which runs the EHI and test business, now operate McGraw-Hill through two holdings. Together, the companies had revenues of $1. 99 billion in 2013. Centgage Learning, a US publishing house that has been under the control of a number of privately owned investment companies for several years, went bankrupt in July 2013 and left chapter 11 in April 2014 after having eliminated $4 billion in debts.
Although the company will not publish new annual accounts until August, revenues for 2012 are almost balanced with MHE. Whereas the companies of the top 10 publishing houses remained relatively sound in 2013, their shares of total sales of the 50 biggest publishing houses declined. In 2013, the 10 made up 54% of total sales, compared to 55% in 2012.
This decrease was partly due to the fact that some of last year's transactions, such as the formation of Penguin Random House, related to two top 10 companies. Groupe Madrigall was one of the publishers that significantly improved its rankings through an acquisition: with the takeover of its colleague in France, Flamammarion, in 2012, the Group rose from 47 in the previous year to 31st place.
Flamamarion's alliance with Madrigall's Groupe Gallimard resulted in sales of $574 million in 2012, the latest available number for the company (Gallimard's 2012 rankings were predicated on sales of $329 million in 2011). RCS, the former owner of Flamamarion, achieved a turnover of $348 million last year and ranked 44th in the list, compared to 47th in 2012.
Brazil's publishing houses were one of the most important trends in our 2013 rankings. There are three companies in Brazil on the 2012 listing, but, partly due to a sharp fall in the value of the country's local currencies, sales by these publishing houses have declined compared to those of companies in the United States and Europe.
For example, Saraiva announced sales of 507 million RIs in 2011, valued at around 267 million dollars; in 2012, the business again recorded sales of 507 million RIs, but due to the decline in the value of the RIs over the two-year horizon, this amount was then valued at only around 230 million dollars and thus ranked 57th on the ranking.
Brazil's smallest of the Big Three, FTD, had a turnover of 468 million euros in 2013, which, translated into US dollar, was not sufficient to include the business in ouranking. There were two publishing houses on the 2013 schedule and China could have more next year if more information becomes available.
China Publishers Group Corp. came 14th last year with revenues of just under $1.5 billion, up from 22nd in 2012. The China Education and Media Group, formerly Higher Education Press, was #21 in the 2013 rankings, with revenues of $1. 15 billion, up from #30 the previous year. In 2013, two even bigger companies were not added to the 2013 rankings because it was not possible to exclude their publisher revenues (which are used to calculate the positions of the individual companies in the rankings) from the revenues of their printers and other participations in the press.
The China South Publishing & Media Group had aggregate revenues of approximately $2. 7 billion last year, while Phoenix Publishing and Media Company had approximately $2. 1 billion in aggregate revenues. In spite of the mergers that have taken place across the sector in recent years, there are no signs that the biggest companies want to enter new market segments.
Random House was certainly one of those companies that decided to expand its commercial footprint instead of switching to education or professions. Harper Collins follows in its choice to buy Harlequin. Both companies signed an deal this coming fall, and when this deal is concluded, HC, which was number 16 in 2013, will have global sales of approximately $2 billion, bringing it close to the top 10.
HBG is also expanding the recently published Hachette Books Group move from the US Hachette Livre business to the Perseus Books Group, instead of transferring it to another area. Because of a foreign exchange translation mistake in an previous release of this item, the 2013 sales numbers for Pearson and Reed Elsevier were wrong.
This mistake had no influence on the rankings of the two publishers.